The Global Aroma Chemicals for Household Products Market is projected to reach USD 8.41 billion by 2027. The market is rising rapidly as the demand for the odorants, and fragrant intensifiers are growing considerably in the global market. Perfumes, body deodorants, air-fresheners, soaps, food-scented chemicals are some of the highly consumed end-use products which add to the aroma ingredients market value appreciably. Massive demand for the personal care industries specializing the skincare, hair care products, and a sudden enormous lift in the growth of the medicated personal care topical medicinal products have substantially propelled the overall market growth and expected to add to the market share predominantly in the forthcoming years. Chemical compounds such as Esters, terpenes have the most number of applications and hence have the highest demand from the end-users.
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Top Players in the Global Aroma Chemicals for Household Products Market:
BASF SE, International Flavors Fragrances Inc., Privi Organics India Limited, MANE, Hindustan Mint Agro Products Pvt. Ltd., SymriseAG, Takasago International Corporation, Givaudan, Fairchem Speciality Ltd, and PFW Aroma Chemicals.
Further key findings from the report suggest
- Esters include some acetates, butyrate, propionate and some other organic compounds. Mostly, floral, sweet, and fruity are the type of fragrances which are derived from this chemical compound and has got the highest market share of about 25.3% in 2019. The CAGR for this sub-segment is calculated to be 5.5% throughout the forecast period.
- Floral fragrances owing to its maximum end usages, possesses the highest market share of 16.3% in 2019 and would grow fastest at a rate of 6.1% during the forecast period. These fragrances are used in the perfumes, deodorants, cologne scents, fragrance powder, and soaps, among others. Rose, lilac, and lavender are some of the most used floral fragrances.
- Medical usage consists of the healthcare medicated products and the treatments done with the aroma ingredients. Aromatherapy reduces mental and physical stress and also diminishes several mental ailments as well as severe headache. Aromatic products arouse the sexual appealing by stimulating the hormonal secretions. The sub-segment is expected to achieve a higher market share by 2027.
- Advancement in manufacturing techniques, a higher availability of the resources for the manufacturing units, dexterous processing technique, higher production capacity, increased consumers, and favorable business models of export import, the Asia Pacific developing countries have been in trend for the raw material and chemical products outsourcing.
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Market segmentation based on Type of Fragrance Outlook:
- Floral
- Woody
- Citrus
- Fruity
- Musky
- Menthol
- Spicy
- Oceanic
- Savory
- Others
Chemical Compounds Outlook:
- Esters
- Terpenes
- Alcohols
- Aldehydes
- Ketones
- Lactones
- Aromatic
- Others
Sales Channel Outlook:
- Online Retails
- Offline Retails
Applications Outlook:
- Cosmetics Toiletries
- Household Products
- Foods Drinks
- Medical Usage
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Frequently Asked Questions Answered in the Report:
- What is the estimated revenue growth rate of the global Aroma Chemicals for Household Products Market over the forecast period?
- What are the major factors driving the global market revenue growth?
- Which are the leading manufacturers and suppliers in the global Aroma Chemicals for Household Products Market?
- Which regional market is expected to lead in terms of revenue share in the global Aroma Chemicals for Household Products Market over the forecast years?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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